FastSaying
People typically take a cue from their parents' generation ? which had pension plans and retiree health programs. And they know they're making more money than their parents did.
Jack VanDerhei
Health
Parents
People
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It's clear that people currently working should factor into their retirement planning the long-term trend away from traditional defined benefit pensions. That means people need to be saving more than they are.
— Jack VanDerhei
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It's kind of like watching a glacier move.
— Jack VanDerhei
The trend from defined-benefit to defined-contribution plans has not come because employees have wanted to take on that risk. It's because employers have wanted to get rid of that risk.
— Jack VanDerhei
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I'm sure anyone who's read the paper lately would know that the likelihood [of receiving a traditional pension] is going down very rapidly.
— Jack VanDerhei
Since there is no requirement that they offer [a pension] in the first place, there's no requirement that they keep doing it.
— Jack VanDerhei